Historical Year Data · 1979

Italy Credit-to-GDP Gap in 1979

Italy Credit-to-GDP Gap opened 1979 at -16.6 and closed at -14.6, a +12.05% move for the year. The high of -14.6 was reached on December 31, and the low of -17.4 on June 30.

Open

-16.6

1979-01

-14.6

4 data points

High

-14.6

Dec 31

Low

-17.4

Jun 30

Full Year Change

+12.05%

1978 Change

+6.59%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-16.6	-16.6	-16.6	-16.6	+0.00%
Jun	-17.4	-17.4	-17.4	-17.4	+0.00%
Sep	-17.4	-17.4	-17.4	-17.4	+0.00%
Dec	-14.6	-14.6	-14.6	-14.6	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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